Key participants in the acaricides market are BASF SE (Germany), Arysta LifeScience (Japan), Bayer AG (Germany), DuPont (U.S.), and FMC Corporation (U.S.)
(PRWEB) November 12, 2014
The report “Acaricides Market by Type (Organochlorine, Organophosphorus, Natural Sources, and Others), by Application (Agriculture, Animal Husbandry, Industrial, and Others), by Mode of Action (Spray, Dipping Vat, Hand Dressing and Others) & Geography - Trends & Forecasts to 2019”, defines and segments the market with analysis and projection of the global market values.
The market is estimated to be worth around $213.5 million in 2014 and is projected to reach $275.1 million by 2019, growing at a CAGR of 5.2% from 2014 to 2019.
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Browse 82 market data tables and 29 figures spread through 181 pages and in-depth TOC on “Acaricides Market - Trends & Forecasts to 2019”.
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The global market for acaricides is continuously growing. Companies in this industry are adopting new product launches as their favored growth strategy. Agriculture is considered the main application type, where the usage of acaricides is the largest, while animal husbandry is estimated to be second. Acaricides that contain phosphorus (organ phosphorus) and those made from natural products (like neem, cloves, herbs, and spoiled corns) are gaining popularity. Companies such as DuPont (U.S.), Arysta LifeScience (Japan), and BASF SE (Germany) have adopted new product launches and agreements as strategies to enhance their penetration in the acaricides market.
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With more and more importance being given to the elimination of tick and mite-borne diseases and the increasing usage of bioactive products, the application of acaricides in various applications is becoming a largely adopted practice. However, rigid government regulations and the rising cost of acaricides and its related chemicals is becoming a hindrance in the development of this industry.
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